Accelerant, an InsurTech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, has raised in excess of $190m at a $2bn pre-money valuation.
The round was led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD Ventures, and others. Existing majority investor Altamont Capital Partners also participated in the round.
Accelerant is a data-driven, technology-fuelled insurance platform that strives to empower underwriters to more effectively serve their insureds. The company uses data intelligence tools to rebuild the way that underwriters share and exchange risk.
Accelerant will deploy the capital to continue to rebuild the way that underwriters share and exchange risk to improve outcomes for programme managers, primary issuing carriers, and ultimate risk-bearers.
Todd Boehly, co-founder and CEO of Eldridge, said, “The Accelerant team understands the challenges that MGUs [managing general underwriters] and PAs [program administrators ] face with conventional carriers, and they’ve built an offering to address those needs. With cutting-edge data and analytic capabilities, Accelerant’s platform eliminates bureaucracy to offer an experience that prioritizes velocity and collaboration.
“We’re excited to support Accelerant as they enter their next phase of growth and create value throughout the insurance ecosystem with their member-centric, collaborative approach.”
Copyright © 2022 FinTech Global
